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Gold/Mining/Energy : FASC (First American Scientific Corp) -- Ignore unavailable to you. Want to Upgrade?

To: Coho who wrote (572)	10/26/1998 12:07:00 PM
From: jmt	Read Replies (1) \| Respond to of 972

Don: I spoke to Dining this morning for an update as follows: - The machine for wood chips is being looked at today by the purchasers prior to delivery. I was under the impression this machine was operating for a while now. Surprised to find it hasn't shipped yet. - Same old stuff on the sludge and rubber, nothing fundamentally new. - Expected financing to close last week. It did not as to some glitches concerning individuals that brought the deal to the table. Looking for additional compensation of sorts it appears. Difficult to say if this is significant. Hope not. If you can add anything on the financing, please do. This is the major hurdle that needs to be completed before the company can proceed in a positive fashion. jmt

To: Coho who wrote (572)	11/17/1998 3:17:00 PM
From: jmt	Read Replies (1) \| Respond to of 972

Don: Anything new from your line of vision? When I spoke to Dining after you had mentioned the JV, he stated that the parties had all sat down to sign the deal and their was a last minute "glitch" that caused the deal not to happen. Dining gives me the impression some of the players are still interested, and efforts are to get some additional parties interested. Is the JV you suggested would be an asset in the management and marketing of the product still involved? Any idea's where they stand? Or in fact have we gone full circle and now are again at risk of selling off the technology to settle debts? Any information would be helpful. jmt